Should I buy or rent a home in Sydney?

"Whether to buy or rent a home in Sydney is a very important decision that requires a great deal of consideration. There are a number of factors that should be taken into account, such as financial capability, the local housing market, proximity to essential services, and desired term of stay. If you have sufficient financial resources and are unsure about the length of stay or you do not plan to stay for a long time, then renting a home would be the most suitable option. However, if you have a clear plan and intend to stay in Sydney in the long run and can afford to commit to a home purchase, then buying a property could be a more lucrative decision. Ultimately, it is important to weigh up all the pros and cons of renting and buying and choose the option that best suits your individual situation," remarked another expat in Sydney, Australia, Australia.